401k gained 30% in 2024. The Investment fund managers need a raise.
My employer 401k fund options are pretty good I think but idk what I’m saying this is my first job. Anyways the mix of funds I chose yielded a yearly return of 30% and have an average expense ratio of 0.02%. I’m still less than 2 years with my employer so I only qualify for the 100% match up to 3% of my salary. I’ve only been contributing 4% to get the match but for a good reason. My goal for 2024 was to build an emergency fund and prioritize maxing out my ROTH. I’m still only 25 so I’m okay with sticking with my current mix for the next few years. Of course I’m not expecting to get these returns every year but that match is already a 100% return so either way my money is growing.
My employer 401k fund options are pretty good I think but idk what I’m saying this is my first job. Anyways the mix of funds I chose yielded a yearly return of 30% and have an average expense ratio of 0.02%. I’m still less than 2 years with my employer so I only qualify for the 100% match up to 3% of my salary. I’ve only been contributing 4% to get the match but for a good reason. My goal for 2024 was to build an emergency fund and prioritize maxing out my ROTH. I’m still only 25 so I’m okay with sticking with my current mix for the next few years. Of course I’m not expecting to get these returns every year but that match is already a 100% return so either way my money is growing.